Pre-qualification is an informal way to see how much you maybe able to borrow. You can be ‘pre-qualified’ over the phone with no paperwork by telling a lender your income, your long-term debts, and how large a down payment you can afford. Without any obligation, this helps you arrive at a ballpark figure of the amount you may have available to spend on a house.

Pre-approval is a lender’s actual commitment to lend to you. It involves assembling the financial records mentioned in Question 47 (Without the property description and sales contract) and going through a preliminary approval process. Pre-approval gives you a definite idea of what you can afford and shows sellers that you are serious about buying.

Find Out About Your Credit History

There are three major credit reporting companies: Equifax, Experian, and Trans Union. Obtaining your credit report is as easy as calling and requesting one. Once you receive the report, it’s important to verify its accuracy. Double check the “high credit limit,”‘total loan,” and ‘past due” columns. It’s a good idea to get copies from all three companies to assure there are no mistakes since any of the three could be providing a report to your lender. Fees, ranging from $5-$20, are usually charged to issue credit reports but some states permit citizens to acquire a free one. Contact the reporting companies at the numbers listed for more information. CREDIT REPORTING COMPANIES Company Name Phone Number Experian 1-888-524-3666 FREE Equifax 1-800-685-1111 FREE Trans Union 1-800-916-8800 FREE

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Client Reviews

We had the privilege and blessing to have Rochelle help us purchase our first home! We could not have asked for a better realtor. She was flexible with our hectic schedule, and informative about all the properties. As an agent she respected our price point, needs and wants in our home. Rochelle helped us to understand the home buying process and made what could have been a scary and stressful process
easy and fun! Rochelle always goes above and beyond to help her clients; we would highly recommend Rochelle to help you purchase your next home.

Cody and Savannah Buckner

Rochelle has been a delight to work with on the listing of my multi-million-dollar home. With her past experience she has brought innovative marketing concepts to the table not seen before in the Billings market. She applies those, as well as her keen professionalism, attention to detail, and no excuses attitude to working with her clients. I highly recommend her.

Fran Oakland

Thanks so much for all your patience and enthusiasm in dealing with the purchase of our new home in Billings. It’s not easy to do business as an out-of-state buyer and you were so supportive and made sure that we were fully aware of the steps involved in the transaction. You were definitely in our corner throughout the whole process and we felt that we could rely on you at all times to do exactly what we asked of you. We feel as though you became part of the family! We are looking forward to our move and to seeing you again soon.

K.S

Rochelle guided us through a difficult out of state transaction with enthusiasm and professionalism. She was thorough, kept us informed at all times and we felt she was eager to do exactly what we wanted. She was patient with all the email transactions and was willing to go the extra mile to accomplish our objectives. We felt as though she was part of the family by the time we were done!

S. L

Thank you Rochelle and Nels for superb service! Our previous realtor passed away. I didn’t think anyone could live up to his great service. Rochelle and Nels introduced me to the future through their listing of our home. They got our home on the market in record time to catch an important holiday weekend.I knew from the beginning we made the right choice. Nels drone photos, videos and virtual walk through were absolutely amazing! If I had any concern, Rochelle not only gave great insight but it was clear she had done extensive research, knowing all the community stats, trends and numbers to back up her position. Everything from their website, social media blitz, keeping us informed on interested buyers, signage, small unique touches, interaction with realtors and offers were second to none! We had three offers in little more than a month! We couldn’t have been happier. Thank you Rochelle and Nels!